Updated on July 23, 2024
The crypto world has had its fair share of extreme highs and lows over the years, with some saying it’s the future of currency and others gaining more skepticism by the day. The recent FTX scandal also made many investors wary of digital currencies in general; however, like most people, the fear of missing out on something huge often outweighs the potential downside. For those still optimistic, a few questions remain unanswered. This article dives into Liberium Crypto: the good, bad, and ugly.
Liberium Crypto is an investment company that offers its users trading signals and a copy trader platform where members can purchase packages. Members connect their crypto wallet through these packages and allow pro traders to use their funds.
The primary users of this service are those interested in the following;
- Passive income
- Crypto trading signals
- Cryptocurrency in general
Liberium Crypto was formulated in 2021. The platform aims to create a decentralized and secure way to exchange and store value. It is on the Ethereum blockchain and is fast, reliable, and accessible to everyone. The company enables members to earn passive income through a service called ‘copy trading’ that the company has in place.
How do members make money?
There are two main ways to make money with Liberium Crypto:
The first way is to get the manual signage package through which members get signals directly on their email. They then manually input the trades.
The second route is through the copy trading system used by the platform. Here members can connect their crypto account to the pro traders Liberium Crypto using an API. The pro trader then uses the member’s funds to conduct trades.
The company also conducts a referral program through which members can earn a steady income by referring other people to the platform.
Copy Trading
The company offers a copy trading service through an API that connects to the crypto exchange and the company trading service using a member’s back office as the channel.
Through copy trading, the member leaves the actual trading to pro traders. Once there is a connection, members don’t have to bother with manually inputting signals but rather leave that to the system that does it for them.
The good Liberium Crypto
Fast transaction processing times
One of the significant advantages Liberium Crypto offers its users is its fast transaction processing times. The cryptocurrency platform uses a unique consensus algorithm known as ‘Proof of Stake’ (PoS) which facilitates fast transactions. This makes it great for everyday use and more complicated financial transactions, such as trading and investing.
High level of security
Liberium Crypto is built on the Ethereum blockchain and is, therefore, highly secure. Consequently, because the Ethereum blockchain has robust security protocals, some believe transactions on Liberium Crypto safe from fraud or hacking.
Decentralized nature
Similar to other cryptocurrency platforms, Liberium Crypto is decentralized in nature. This essentially means that it doesn’t adhere to government or subject to banking regulations. This feature provides autonomy that is unavailable in traditional financial systems.
Strong community focus
Liberium Crypto has been built with a strong focus on community and education. The team behind the project has taken great pains to educate individuals about the benefits of using it. They’ve also shown a keen interest in growing a vibrant community that votes on the development and direction of the project. This protects the users’ interests and offers an added level of security.
The platform is fast, efficient, and easily accessible. This makes it an ideal option for both experienced traders and those just starting out in the game.
The bad Liberium Crypto
Although Liberium Crypto offers users several notable advantages, the platform has its own pitfalls.
Transparency
One of the key controversies surrounding Liberium Crypto is its need for more transparency. Investors continue to criticize Liberium Crypto for its extreme secrecy regarding certain aspects of the project and its development. Many have voiced concerns about the substantial need for more information on pertinent details about the team, such as their background and qualifications. This has resulted in speculation that the project might be illegitimate.
The John Doe Factor
The crypto community has had its fair share of controversial figures, and the project’s founder happens to be one of those on the crypto community’s blacklist. A man that goes by the mysterious name ‘John Doe’ and has links to several failed crypto projects in the past. This has further exacerbated concerns about the company’s legitimacy.
Proof of Stake
Although the unique ‘Proof of Stake’ algorithm used by Liberium Crypto has been lauded for the advantages it gives the project, it isn’t without controversy. The ‘Proof of Stake,’ which makes it possible for faster and more efficient transactions to take place on the platform, is thought to be less secure than other consensus algorithms, according to critics. Consequently, there are concerns about the long-term security and stability of the Liberium Crypto network.
Regulation
Although decentralisation is one of the advantages cryptocurrency enthusiasts heavily promote, it has sometimes resulted in huge losses. Like other cryptocurrencies, Liberium Crypto doesn’t face regulation by any central authority, making it highly susceptible to fraud and hacking. Additionally, the decentralised nature of the platform makes it harder to track and hold accountable in the event of illegal activity.
Partially decentralised
Liberium Crypto critics also claim that the platform isn’t fully decentralized. This assertion is because the team behind it holds a substantial percentage of tokens and therefore has a significant impact on the project’s direction. This inhibits community input making trading on this platform a riskier bet than most are comfortable with.
The Ugly Liberium Crypto
One of the most controversial aspects of Liberium Crypto is that the team behind the platform is the same as the one that founded the now-defunct Crypto Pro Traders platform. Additionally, there needs to be more information about the true identity of these people, and yet the company remains tight-lipped about this information.
Most traders believe that Liberium Crypto is simply a reboot of Crypto Pro Traders. This raises concerns about the legitimacy of Liberium Crypto and the safety of the funds invested by those new to the cryptocurrency game. The concerns raised by users of Liberium Crypto include the following;
- The company is completely unregulated
- High fees and commissions are charged
- Little information available to users on the website
- Poor communication and refusal to answer questions
- Aggressive and pushy sales tactics
- Users are often blindsided by rules and fees that were not outlined in the contract
- The platform doesn’t allow people to withdraw money from their accounts
Conclusion
Liberium Crypto is controversial for several reasons, such as its lack of transparency, aggressive sales tactics, and its affiliation with Crypto Pro Traders. Another red flag is that the platform is largely unregulated, meaning any money invested might be lost in case the company suddenly closes. Investors and crypto-enthusiasts are advised to do their due diligence thoroughly before plowing huge sums into the platform.
What is Liberium Crypto?
Liberium Crypto is a cryptocurrency investment platform that offers its users trading signals and a copy trader platform. The platform aims to create a decentralized and secure way to exchange and store value and enables members to earn passive income through a service called ‘copy trading’. Despite its advantages such as fast transaction processing, high-level security and decentralised nature, the platform has its own pitfalls such as lack of transparency and regulation. Additionally, the team behind it is the same as the one that founded the now-defunct Crypto Pro Traders platform, raising concerns about the legitimacy of the platform.
How can members make money with Liberium Crypto?
Members can make money with Liberium Crypto by taking advantage of its services, such as copy trading, manual signaling packages, and its referral program. Through copy trading, members connect their crypto wallet with a pro trader, who then uses their funds to conduct trades. Manual signaling packages provide members with signals directly to their email, which they can use to manually input trades. Furthermore, members can earn passive income through the referral program.
What are the advantages of using Liberium Crypto?
Overall, Liberium Crypto has the potential to be a great platform for those interested in investing in cryptocurrency. Its fast transaction processing times, high level of security, decentralized nature, and strong community focus make it attractive to many. However, its lack of transparency and the ugly history of its founders pose a considerable risk to users and add to the already high volatility of the cryptocurrency market.
What are the disadvantages of using Liberium Crypto?
Liberium Crypto has some advantages due to its fast transaction processing and high level of security. However, its lack of transparency and decentralization, as well as its links to the failed Crypto Pro Traders platform, make it a risky option for those looking to invest in cryptocurrencies. Moreover, its unregulated nature and aggressive sales tactics make it a poor choice for those who are new to cryptocurrency trading.
Is Liberium Crypto a legitimate platform?
Liberium Crypto is a legitimate platform with a solid foundation, but it faces some questions regarding its transparency, security, decentralisation, and regulation. Users should be wary of the possible risks associated with the platform and do their due diligence before investing.
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